Saint Luke's Physician Group I Llc

Nonprofit profile at a glance

EIN
271994652
IRS 990 coverage
2012–2016
Forms available
Form 990 2016
Location
Kansas City, MO, USA
Phone
8169311883
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$61,383,910
Expenses
$61,620,465
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • KENNETH HUBER (DIRECTOR, PRES & CEO, PHYS)
  • CHRISTOPHER LIPP (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MELINDA ESTES (DIRECTOR): $2,237,902 total reported compensation
  • CHARLES ROBB (DIRECTOR & ASSISTANT SECRE): $1,217,024 total reported compensation
  • ANTHONY MAGALSKI (PHYSICIAN): $673,859 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is a faith-based, not-for-profit cardiovascular specialty organization committed to providing superior cardiovascular health care and health services. We value an integrated approach emphasizing clinical excellence, advanced cardiovascular research, and subspecialty medical education. As a member of saint luke's health system, we are dedicated to enhancing the physical, mental and spiritual health of the diverse communities we serve.

What it reported doing in 2016

The provision, through licensed physicians and other health care providers and supporting personnel, of health care and cardiology services to the general public. The organization participates in the medicare and medicaid programs and provides services on a charitable basis for patients without adequate means to pay for their care. For 2016, the organization's unreimbursed cost of charity care and medicaid was approximately $1,890,000.the organization is actively involved in medical education. Physicians in the organization are part of the teaching faculty at saint luke's hospital of Kansas city and hold faculty appointments at the umkc school of medicine. Medical students and residents rotate on the internal medicine residency's cardiology service staffed by the organization's physicians. In addition, there are acgme-accredited fellowship programs in cardiovascular medicine, advance heart failure and cardiac transplant, electrophysiology, interventional cardiology, and cardiovascular outcomes. Fellowships in preventive cardiology and cardiovascular imaging are also offered. The program directors for all of these cardiovascular fellowships are the organization's physicians.the organization is also dedicated to clinical research. Its physicians are leading research projects that are shaping the future of cardiology by helping define the practice of cardiology today, and guiding how it will be practiced in the future. Through research, the organization's physicians contribute to the advancement of medical science, advancement in the care of patients and the cost-effective treatment of disease.the organization also provides community education / outreach programs including an implantable cardioverter defibrillator (icd) support group and participation in area community health fairs.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 74
  • Accountability: 63
  • Sustainability: 11
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.9%; rating input score 87
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 66.7%; rating input score 67; 14th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 35.7%; rating input score 36; 10th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.4%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 14.3%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 7.3% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: -20.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 86.9% of revenue deployed · 86.6% of spending went to programs
  • Governance: 5 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $53.4M in reported program spending
  • Leadership: top reported pay $2.2M · 22 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.4M reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2012 to 2016
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 32 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Independent voting board scored 36/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.